18436749
Descrição
FlashCards por Shannon Anderson-Rush, atualizado more than 1 year ago
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Criado por Shannon Anderson-Rush
aproximadamente 5 anos atrás
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| Questão | Responda |
| Deposit | a sum of money placed or kept in a bank account, usually to gain interest |
| Withdrawal | a sum of money withdrawn from an account |
| Checks | an order written by a depositor instructing the bank to pay a specific amount to a recipient from the depositor's bank account |
| Deposit slip | a form supplied by a bank for a depositor to fill out, designed to document in categories the items included in the deposit transaction |
| Bank statement | a printed record of the balance in a bank account and the amounts that have been paid into it and withdrawn from it, issued periodically to the holder of the account |
| Debit card | card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase |
| Credit card | a small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit |
| Simple interest | determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments |
| Compound interest | result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest |
| Endorsement | to sign one's name as payee on the back of (a check) in order to obtain the cash or credit represented |
| Transaction | the action of conducting business |
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